IN-SPACe is for space, IN-SPACe is for pace, IN-SPACe is for ace: PM Modi

Published By : Admin | June 10, 2022 | 20:51 IST
Launch of IN-SPACe is a ‘watch this space’ moment for the Indian space industry
“IN-SPACe is for space, IN-SPACe is for pace, IN-SPACe is for ace”
“The private sector will not just remain a vendor but will play the role of a big winner in the space sector”
“When the strength of government space institutions and the passion of India’s private sector will meet, not even the sky will be the limit”
“Today we can not put the condition of only the government route for carrying out their plans before our youth”
“Our space mission transcends all the differences and becomes the mission of all the people of the country”
“ISRO deserves kudos for bringing momentous transformation”
“India’s space programme has been the biggest identity of Aatmnirbhar Bharat Abhiyan”
“India needs to increase its share in the global space industry and the private sector will play a big role in that”
“India is working on a New Indian Space Policy and the policy for ease of doing business in space sector”
“Gujarat is fast becoming a centre of big institutions of national and international level”

Namaskar! My cabinet colleague and MP from this region, Union Home Minister Shri Amit Shah, Gujarat's popular and soft spoken Chief Minister Shri Bhupendra Patel ji, National Security Advisor Shri AjitDoval ji, my colleague in Parliament Shri C.R. Patil, Chairman IN-SPACe, Pawan Goenka ji, Secretary, Department of Space, Shri S. Somnath ji, all representatives of India's space industry, other dignitaries, ladies and gentlemen.

Today a wonderful chapter has been added in the development journey of modern India of the 21st century. I congratulate all the countrymen and especially the scientific community for the headquarters of the Indian National Space Promotion and Authorization Center i.e. IN-SPACe. Nowadays, we see that if the youth have to post something exciting or interesting on social media, they alert it by messaging 'Watch this space'. The launch of IN-SPACe is like a 'Watch this space' moment for India's space industry. IN-SPACe is an unprecedented opportunity for the youth of India, the best scientific minds of India, to showcase their talent. Whether they are working in the government or in the private sector, IN-SPACe has come up with great opportunities for all. IN-SPACe has a lot of potential to revolutionize India's space industry and that's why I would say that 'Watch this space'…IN-SPACe is for Space, IN-SPACe is for Pace andIN-SPACe is for Ace.

Friends,

For decades, the private industry associated with the space sector in India was seen only as a vendor. The government itself used to work on all the space missions and projects. Only a handful of parts and equipment were bought from the private sector. The growth of the private sector was blocked by reducing it to just a vendor. A wall was created. The scientists or the youths could not work on their ideas related to the space sector because they were not part of the government system. And who suffered the most? The country was suffering. It is proof that big ideas make winners. The country is launching a campaign today to make winners by reforming the space sector, freeing it from all restrictions and by supporting the private industry through IN-SPACe.Now the private sector will not remain just a vendor but will play the role of big winners in the space sector. When the power of India's government space institutions and the passion of India's private sector come together, the sky will also fall short of it. 'Even the sky is not the limit'! As the world is watching the strength of India's IT sector today, the strength of India's space sector will reach new heights in the near future. IN-SPACe will also work to facilitate the transfer of technology between the space industry, start-ups and ISRO. It is also being ensured that the private sector can also use the resources of ISRO and work together with ISRO.

Friends,

While initiating reforms in the space sector, I always had the immense potential of the youth of India in my mind. I was pleased to listen to the young boys taking steps forward in the start-ups with high spirits. I congratulate all these young people. The youth of India were not getting as many opportunities in the space sector earlier. The youth of the country bring with them innovation, energy and spirit of exploration. Their risk taking capacity is also very high. It is very important for the development of any country. If a youth wants to build a building, can we tell him to get it built from PWD? If any youth wants to innovate, can we tell him that it will happen only from the government facility? It sounds strange but this was the situation prevailing in different sectors in our country.It was the misfortune of the country that the difference between regulations and restrictions was forgotten over time. Today, when the youth of India wants to become a participant in nation building, we cannot put a condition to him that it has to be done through the government route only. Gone is the era of such conditions. Our government is removing every obstacle being faced by the youth and is reforming continuously. Opening up the defence sector to private industry, formulating a modern drone policy, preparing geospatial data guidelines, facilitating ‘Work from Anywhere’ in the Telecom-IT sector, the government is working in every direction. It is our endeavor to create a maximum Ease of Doing Business environment for the private sector of India, so that the private sector of the country can also help the countrymen equally in the Ease of Living.

Friends,

Before coming here, I was going through the IN-SPACe's Technical Lab and Clean Room. Here state-of-the-art equipment for the design, fabrication, assembly, integration and testing of satellites will be available to Indian companies. Many more modern facilities and infrastructure will be created here which will help in expanding the capacity of the space industry. Today I also got a chance to visit the exhibition section and interact with people from the space industry and space start-ups. I remember when we were initiating reforms in the space sector some people were apprehensive about private players joining the space industry. But today more than 60 Indian private companies have joined the space sector and are leading it. I am very happy to see them today. I am proud that our private industry colleagues have moved rapidly in the areas of launch vehicle, satellite, grounds segment and space application. Private players from India have also come forward to manufacture PSLV rockets. Moreover, many private companies have even designed their own rockets. This is a glimpse of the limitless possibilities of India's space sector. I heartily congratulate our scientists, industrialists, young entrepreneurs and all the countrymen for this. And if I have to congratulate anyone the most for this new turning point in this whole journey, it is the people of ISRO.Our former secretary of ISRO is sitting here who led this initiative and now our Somnath ji is taking it forward, and therefore, I give full credit to the ISRO colleagues and scientists. This is not a small decision, friends. Those in the start-up business know that if they have high spirits to offer something to India and the world today it is because of such an important decision. Hence, the entire credit goes to ISRO. ISRO has taken giant steps and tried to move things rapidly for the youth of the country by offering them to join what was once its domain. This in itself is a very revolutionary decision.

Friends,

We are celebrating the Amrit Mahotsav of 75 years of our independence. Behind our successes in independent India, which inspired crores of countrymen and gave them confidence, are our space achievements. When ISRO launches a rocket or sends a mission to space, the entire country becomes part of it and feels proud. The entire country prays for its success and every countryman expresses with joy, enthusiasm and pride when it is successful and considers that success as his own success. And even in the event of something untoward or unimaginable, the entire country stands with its scientists and encourages them.Whether one is scientist, farmer or laborer, whether or not he knows the nuances of science, our space mission becomes the mission of the people of the country. We saw this emotional solidarity during the Mission Chandrayaan. India's space mission has in a way been the biggest identity of ‘AtmaNirbhar Bharat’. When this campaign gets a boost from India’s private sector, you can imagine the potential of this campaign.

Friends,

The role of space technology in our life is increasing day by day in the 21st century. The more there are roles and applications, the more possibilities there will be. Space-tech is about to become the basis of a major revolution in the 21st century. Besides space, space-tech is now going to become a technology in our personal space. The role of space technology in the life of ordinary human beings, the way space technology is involved in everyday life, often goes unnoticed. When we turn on TV, there are so many channels available to us. But very few people know that this is happening with the help of satellites. If one has to find traffic before going somewhere or find the shortest route, it is happening with the help of satellites. There are so many projects involving urban planning – building of roads, bridges, schools, hospitals, or monitoring of ground water tables, infra projects, etc. Everything is happening with the help of satellites. Space technology has a big role in the planning and development of our coastal areas. Fishermen going into the seas for fishing also get advance information about sea storms through satellites. The rain forecasts are almost turning out to be correct. Similarly, in the event of a cyclone, the satellite tells us its exact fall point, its direction and the exact time of its landfall. Moreover, space technology is being used in the crop insurance scheme in the agriculture sector and the soil health cards campaign. We cannot even imagine today's modern aviation sector without space technology.All these topics are related to the life of the common man. You must be aware that we have announced a plan in this year’s budget to make teaching and tuition available to children through TV. Not only this, we are also ensuring availability of syllabus for the children sitting for competitive exams and those who have to take tuitions in bigger cities by paying very expensive fees at their homes only through satellite. We are working in the direction so that children do not have to spend extra money and the child of the poorest of the poor can also get the best tuition on his TV screen, laptops and mobile phones through satellite.

Friends,

The use of space-tech is going to increase more and more in many such areas in the future. The IN-SPACe and private players need to ensure how to make space technology more accessible to the common man, how space-tech can become a medium to improve the ease of living and how we can use this technology for the development and potential of the country. There are many possibilities in Geo-spatial mapping. The private sector can play a big role in this. We have huge data available from government satellites today. The private sector will also have a lot of data of its own in the near future. This wealth of data is going to provide you with huge power in the world.At present, the global space industry is worth about $ 400 billion. There is a possibility of it becoming a one trillion dollar industry by 2040. We have talent as well as experience, but the private partnership is only 2 per cent. We need to increase our share in the global space industry, and our private sector has a major role in this. I can also see the strong role of India in the field of space tourism and space diplomacy in the near future. It will be a matter of pride for the whole country if India's space companies become global and we have a global space company.

Friends,

There are infinite possibilities in our country, but these can never be realized with limited efforts. I assure the youth with scientific temperament and risk taking ability that this process of reforms in the space sector will continue uninterruptedly. A strong mechanism is in place to consider the needs of the private sector and assess business possibilities. IN-SPACe will work as a single window independent nodal agency to meet all the needs of the private sector. India is also working on a new Indian space policy in harmony with government companies, the space industry, startups and institutes. We are also going to come up with a policy soon to promote ease of doing business in the space sector.

Friends,

For the future of humanity and its development, there are the two areas that are going to be most effective in the future. The sooner we explore it, the more we move forward in this global competition without delay, we can lead and control the circumstances. And those two areas are space and sea. These are going to become a huge force and today we are trying to address them through policies and encouraging the youth of the country to join it. The curiosity of our youth, especially the students, for space is a great force for the development of India's space industry. It is our endeavor that the students should be continuously acquainted and updated with the subjects related to space through the thousands of Atal Tinkering Labs built in the country. I would also urge the schools and colleges to inform their students about Indian institutions and companies related to space and organize their visitsto these labs. The way the number of Indian private companies is joining this sector will also help them. I don’t know why it was so but before I got this responsibility there existed a system whereby 12-15 leaders like us were invited like VIPs during the launch of a satellite and there was no entry for others. But my thinking is different; my way of working is different. I made a decision when I went there as Prime Minister for the first time. We have noticed that the students of the country have interest and curiosity. Therefore, we made a view gallery at Sriharikota from where satellites are launched. Any citizen or a school student can watch the proceedings and it has a huge capacity. Arrangements have been made so that 10,000 people can watch the launch of the satellite. It may appear to be small, but it is having a huge impact on India.

Friends,

The inauguration of IN-SPACe headquarters is taking place today. I am also happy that Gujarat is becoming the center of large institutions of national and international level in different sectors. I express my heartfelt gratitude to Bhupendrabhai and his entire team and to all our colleagues of Gujarat government for supporting proactive policies for this initiative. Just a few weeks ago,the work for WHO's Global Center for Traditional Medicine began in Jamnagar. Be it National Defence University, National Law University, Pandit Deendayal Energy University, National Forensic Science University, National Innovation Foundation, Children's University, there are so many national institutes around here. The establishment of Bhaskaracharya Institute for Space Applications and Geo-informatics i.e. BISAG has become an inspiration for other states of the country as well. Now IN-SPACealong with these big institutions will also increase the identity of this place.I urge the youth of the country, especially the youth of Gujarat, to take full advantage of these best Indian institutions. I am sure that India will scale new heights in the space sector with your active role. And on this auspicious occasion, I also congratulate and offer my best wishes to the private sector which has participated with enthusiasm and the youth who came forward with new spirits and resolutions. I also wish many good wishes to all the scientists and the entire team of ISRO. And I believe that Goenka has been a very successful personality in the private sector and under his leadership IN-SPACe will move ahead in fulfilling our dreams in a true sense. With these expectations, along with many wishes, I thank you very much!

 

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Text of PM’s address at third edition of Kautilya Economic Conclave in New Delhi
October 04, 2024
Today, India is the fastest growing major economy:PM
Government is following the mantra of Reform, Perform and Transform:PM
Government is committed to carrying out structural reforms to make India developed:PM
Inclusion taking place along with growth in India:PM
India has made ‘process reforms’ a part of the government's continuous activities:PM
Today, India's focus is on critical technologies like AI and semiconductors:PM
Special package for skilling and internship of youth:PM

Finance Minister Nirmala Sitharaman ji, President of the Institute of Economic Growth N K Singh ji, other distinguished guests from India and abroad at the Conclave, ladies and gentlemen! This is the third edition of the Kautilya Conclave. I am delighted to have the opportunity to meet you all. There will be numerous sessions here, discussing various economic issues over the next three days. I am confident that these discussions will help accelerate Bharat’s growth.

Friends,

This Conclave is being held at a time when two major regions of the world are in a state of war. These regions are crucial for the global economy, especially in terms of energy security. Amidst such significant global uncertainty, we are gathered here to discuss ‘The Indian Era.’ This shows that trust in Bharat today is unique... It demonstrates that Bharat’s self-confidence is exceptional.

Friends,

Today, Bharat is the fastest-growing major economy in the world. Bharat is currently the fifth largest economy in terms of GDP. We are number one in terms of global fintech adoption rates. Today, we are number one in smartphone data consumption. We are the second largest internet user base globally. Nearly half of the world’s real-time digital transactions are taking place in Bharat today. Bharat now has the world’s third-largest start-up ecosystem. In terms of renewable energy capacity, Bharat is ranked fourth. When it comes to manufacturing, Bharat is the second-largest mobile phone manufacturer. Bharat is also the largest producer of two-wheelers and tractors. And not just that, Bharat is the world's youngest country. Bharat has the third-largest pool of scientists and technicians globally. Whether it’s science, technology, or innovation, Bharat is clearly in a sweet spot.

Friends,

By following the mantra of ‘Reform, Perform, and Transform,’ we are continuously making decisions to drive the nation forward at a rapid pace. This is the impact that has led the people of Bharat to elect the same government for the third consecutive time after 60 years. When people’s lives change, they gain confidence that the country is moving on the right track. This sentiment is reflected in the mandate of the Indian public. The trust of 140 crore citizens is a great asset for this government.

Our commitment is to continue making structural reforms to make Bharat a developed nation. You can see this commitment in the work we have done in the first three months of our third term. Bold policy changes, a strong commitment to jobs and skills, a focus on sustainable growth and innovation, modern infrastructure, quality of life, and the continuity of rapid growth are reflected in the policies of our first three months. During this period, decisions amounting to over 15 trillion rupees i.e. 15 lakh crore rupees have been made. In these three months alone, work on numerous mega infrastructure projects has begun in Bharat. We have also decided to create 12 industrial nodes across the country. Additionally, we have approved the construction of 3 crore new houses.

Friends,

Another notable factor in Bharat’s growth story is its inclusive spirit. It was once believed that with growth comes inequality. But the opposite is happening in Bharat. Along with growth, inclusion is also taking place in Bharat. As a result, 250 million i.e. 25 crore people have been lifted out of poverty in the last 10 years. Along with Bharat’s rapid progress, we are ensuring that inequality is reduced and that the benefits of development reach everyone.

Friends,

The confidence in Bharat’s growth predictions also shows the direction we are heading in. You can see this in the data from recent weeks and months. Last year, our economy performed better than any prediction. Whether it’s the World Bank, the IMF, or Moody’s, all have upgraded their forecasts for Bharat. All these institutions are saying that despite global uncertainty, Bharat will continue to grow at a 7+ rate. We Indians are confident that we will perform even better than that.

Friends,

There are solid reasons behind this confidence in Bharat. Be it manufacturing or the service sector, the world today sees Bharat as a preferred destination for investment. This is not a coincidence but a result of major reforms over the past 10 years. These reforms have transformed Bharat’s macroeconomic fundamentals. One example is Bharat’s banking reforms which have not only strengthened the financial conditions of banks but also increased their lending capacity. Similarly, the GST has integrated various central and state indirect taxes. The Insolvency and Bankruptcy Code (IBC) has developed a new credit culture of responsibility, recovery, and resolution. Bharat has opened sectors such as mining, defence, and space for private players and our young entrepreneurs. We have liberalized the FDI policy to create more and more opportunities for investors around the world. We are focusing on modern infrastructure to reduce logistics costs and time. Over the past decade, we have significantly scaled up investments in infrastructure.

Friends,

India has integrated process reforms into the government’s ongoing initiatives. We have eliminated over 40,000 compliances and decriminalised the Companies Act. Numerous provisions that previously made business operations difficult have been amended. The National Single Window System has been introduced to simplify the processes of starting, closing, and obtaining clearances for companies. Now, we are encouraging state governments to accelerate process reforms at the state level.

Friends,

To boost manufacturing in Bharat, we have introduced Production Linked Incentives (PLI), the impact of which is now visible across many sectors. Over the past three years, PLI has attracted investments of approximately ₹1.25 trillion (₹1.25 lakh crore). This has resulted in the production and sales amounting to about ₹11 trillion (₹11 lakh crore). Bharat's progress in the space and defence sectors is also remarkable. These sectors have only recently been opened up, yet more than 200 start-ups have already emerged in the space sector. Today, our private defence companies account for 20 percent of the country’s total defence manufacturing.

Friends,

The growth of the electronics sector is even more remarkable. Just 10 years ago, Bharat was a major importer of most mobile phones. Today, over 330 million or more than 33 crore mobile phones are manufactured in Bharat. In fact, no matter which sector you look at, there are exceptional opportunities for investors in Bharat to invest and earn high returns.

Friends,

Bharat is now also focusing on critical technologies such as AI and semiconductors, and we are investing significantly in these areas. Our AI mission will enhance both research and skills development in the AI field. Under the India Semiconductor Mission, investments totalling ₹1.5 trillion (₹1.5 lakh crore) are being made. Soon, five semiconductor plants in Bharat will begin delivering 'Made in India' chips to every corner of the world.

Friends,

You are all aware that Bharat is the leading source of affordable intellectual power. A testament to this is the presence of more than 1,700 global capability centres of companies from around the world operating in India today. These centres employ over two million i.e. 20 lakh Indian youth, who are providing highly skilled services to the world. Today, Bharat is placing an unprecedented focus on maximising this demographic dividend. To achieve this, special attention is being devoted to education, innovation, skills, and research. We have introduced a significant reform in this area with the implementation of the New National Education Policy. In the past 10 years, a new university has been established every week, and two new colleges have been opened each day. During this period, the number of medical colleges in our country has doubled.

And friends,

We are focusing not only on expanding access to education but also on improving its quality. As a result, the number of Indian institutions in the QS World University Rankings has more than tripled over the past decade. In this year's budget, we announced a special package for skilling and interning millions of young people. Under the PM Internship Scheme, 111 companies registered on the portal on the very first day. Through this scheme, we are supporting 1 crore youth with internships at major companies.

Friends,

Bharat's research output and patent filings have also seen rapid growth in the past 10 years. In less than a decade, Bharat has risen from 81st to 39th in the Global Innovation Index rankings, and we aim to advance further. To bolster its research ecosystem, India has also created a research fund worth ₹1 trillion.

Friends,

Today, the world has high expectations from Bharat regarding a green future and green jobs, and there are equally significant opportunities for you in this sector. You all followed the G20 Summit held under Bharat's presidency. One of the many successes of this summit was the renewed enthusiasm for the green transition. During the G20 Summit, the Global Biofuel Alliance was launched at Bharat's initiative, and G20 member countries strongly supported Bharat's development of green hydrogen energy. In Bharat, we have set a target to produce 5 million tonnes of Green Hydrogen by the end of this decade. We are also advancing solar power production at the micro level.

The Government of India has launched the PM Surya Ghar Free Electricity Scheme, a large-scale Rooftop Solar Scheme. We are providing funding to every household for setting up rooftop solar systems and assisting with solar infrastructure installation. So far, more than 13 million i.e. 1 crore 30 lakh families have registered for this scheme, meaning these households have become solar power producers. This initiative will save an average of ₹25,000 per family. For every three kilowatts of solar power generated, 50-60 tonnes of carbon dioxide emissions will be prevented. This scheme will create approximately 1.7 million (17 lakh) jobs, producing a vast workforce of skilled youth. Therefore, numerous new investment opportunities are emerging for you in this sector as well.

Friends,

The Indian economy is currently undergoing a significant transformation. With strong economic fundamentals, India is on a path of sustained high growth. Today, Bharat is not only striving to reach the top but is also making concerted efforts to stay there. The world today offers immense opportunities across every sector. I am confident that your discussions will provide many valuable insights in the days to come.

I am confident that in the coming days, many valuable insights will emerge from your discussions. I extend my best wishes for this endeavour, and I assure you that this is not merely a debating forum for us. The discussions that take place here, the points raised, the do's and don'ts—those that prove beneficial—are diligently integrated into our governmental system. We incorporate them into our policies and governance. The wisdom you contribute during this churning process is what we utilise to shape a brighter future for our country. Your participation is, therefore, of immense importance to us. Every word you offer holds value for us. Your thoughts, your experience—they are our assets. Once again, I thank you all for your contribution. I also congratulate N. K. Singh and his entire team for their commendable efforts.

With warmest regards and best wishes.

Thank you!